BOE Report

TC Energy reports solid second quarter 2022 results

CALGARY, Alberta - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its second quarter results today. TC Energy's President and Chief Executive Officer, François Poirier commented, “Through the first six months of 2022, we have delivered strong results reflecting the high utilization we continue to see across our entire system. Demand for clean, responsibly sourced natural gas remains high in North America, with energy security also driving incremental growth in the [Read more]

Cenovus announces 2022 second-quarter financial and operating results

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to deliver safe and reliable operations and strong financial performance in the second quarter of 2022. Upstream production of 762,000 barrels of oil equivalent per day (BOE/d)1 and downstream throughput of more than 457,000 barrels per day (bbls/d) included the impact of significant planned turnaround and maintenance activities during the quarter. Aligned with the company’s shareholder returns framework, Cenovus delivered [Read more]

Shell plc publishes second quarter 2022 press release

London, July 28, 2022 "With volatile energy markets and the ongoing need for action to tackle climate change, 2022 continues to present huge challenges for consumers, governments, and companies alike. Consequently, we are using our financial strength to invest in secure energy supplies which the world needs today, taking real, bold steps to cut carbon emissions, and transforming our company for a low-carbon energy future. And, crucially, our Powering Progress strategy is delivering strong [Read more]

Tidewater Midstream announces upsize to previously announced bought deal financing

CALGARY, Alberta - Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Company”) (TSX: TWM) is pleased to announce that it will be upsizing its previously announced bought deal public offering (the “Public Offering”) of units (“Units”). Under the Public Offering, a syndicate of underwriters (the “Underwriters”), led by CIBC Capital Markets, National Bank Financial, RBC Capital Markets and ATB Capital Markets, have agreed to buy on a bought deal basis 42,080,000 Units of the Company, [Read more]

Athabasca Oil announces 2022 second quarter results including record $85 million of adjusted funds flow, $167 million in debt redemptions, and increased corporate guidance

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2022 second quarter results with continued significant Free Cash Flow and material deleveraging. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Q2 Corporate Highlights Production: 33,247 boe/d (92% Liquids) consisting of 26,768 bbl/d in Thermal Oil and 6,479 boe/d (58% Liquids) [Read more]

Tidewater Midstream announces transactions to fund junior debt repayment and provides second quarter 2022 update

CALGARY, Alberta, July 27, 2022 (GLOBE NEWSWIRE) -- Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Company”) (TSX: TWM) announces a financing plan to fully fund the repayment of its $125 million senior unsecured notes due December 19, 2022 (the “Senior Unsecured Notes”) and $20 million second lien term loan (the “Second Lien Term Loan”). The Company intends to use new capital sources as follows: $70 million draw on the Company’s senior credit facility that, through an [Read more]

Former International Petroleum Corporation Chairman Lukas H. Lundin passes away

International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) regrets to announce the death of former Chairman of the Board of Directors, Mr. Lukas H. Lundin, in Geneva, Switzerland on July 26, 2022 at the age of 64, following a two-year battle with brain cancer.    Over the past 40 years, Lukas Lundin was the driving force behind the tremendous success of The Lundin Group of Companies, including IPC. Lukas started his career in the international energy and mining sectors in the [Read more]

International Petroleum Corporation to release second quarter 2022 financial results on August 2, 2022

International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related management’s discussion and analysis for the three and six months ended June 30, 2022 on Tuesday, August 2, 2022 at 07:30 CEST, followed by an audiocast at 09:00 CEST. Listen to Mike Nicholson, CEO, and Christophe Nerguararian, CFO, commenting on the second quarter 2022 financial and operating results and the latest developments from IPC. Follow the [Read more]

Equinor second quarter 2022

Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted earnings* of USD 17.6 billion and USD 5.00 billion after tax in the second quarter of 2022. Net operating income was USD 17.7 billion and the net income was reported at USD 6.76 billion. Strategic and industrial developments: Further optimisation of the oil and gas portfolio Assets in Russia exited Continued progress in building new value chains in low carbon with investments in battery storage and power Progressing a strong [Read more]

InPlay Oil Corp. announces renewal of credit facility and provides operations update

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to provide an operations update and announce the completion of the annual renewal of its syndicated Senior Credit Facility. Senior Credit Facility Renewal InPlay’s Senior Credit Facility remains unchanged in lending capacity and has been renewed at $79 million comprised of a $65 million revolving facility(1) and the remaining $14 million term facility. The borrowing base of the revolving [Read more]